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http://boards.fool.com/lump-sum-vs-pension-annuity-29185257.aspx
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| Subject: Lump Sum vs Pension Annuity | Date: 3/21/2011 11:42 AM | |
| Author: RoadScholar5 | Number: 68665 of 74759 | |
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I did 20 years of hard time with my previous employer. They froze the pension plan in 2006, nevertheless, I am still eligible for a pension based on all my service up to that point. I am eligible to begin receiving a reduced monthly amount at age 55, or wait and receive the full monthly benefit at age 65. Additionally, there is an option to receive a partial lump sum in lieu of monthly payments. I have not yet contacted the company to look into the lump sum option. What are the calculations and considerations given to taking a lump sum vs. monthly benefit? Thank you in advance, RS |
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